Billing Industry Dictionary is a free tool to get technical definitions and lookup industry terms from more than 11,000 terms, acronyms, and definitions. |
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Introduction to Telecom Billing Book Search Billing Dictionary
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Request For Proposal - RFP
A Request for Proposal (RFP) is a formal statement of requirements and technical specifications that constitute a company's needs for the evaluation, recommendation and bid proposal of systems, services or products from vendors. RFP Process
This figure shows the general process used for the initiation, development, and completion of the RFP process. This diagram shows that the process generally begins with the RFP issuer and the RFP responder does not become involved until they are invited to attend an RFP conference. The RFP issuer spends a substantial amount of time and effort in determining the requirements that will be defined in the RFP document. This process shows that the RFP creation process is typically interactive between the issuer and responder with questions, responses, and clarification of information being exchanged during the RFP process. This diagram shows the RFP process typically ends with an announcement of the vendor (or vendors) whom has been selected as a winner of the RFP. Telecom Billing Books
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